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Lincolnshire estate agents Pygott & Crone say this as an opportunity for many commercial property owners to benefit from the changes to the regulations.

Kevin Ellis, founder of the Land & New Homes Network, said: “The recent regulation change offers owners of these light industry units an opportunity to explore the residential potential of their building, which for many would not have previously been possible.”

Craig Stones of Pygott & Crone

This form of permitted development will benefit existing light industrial units, which are generally considered as small-medium sized businesses.

The new rights won’t apply to all light industrial buildings.

Those located in certain protected areas, or form part of a protected curtilage are unlikely to be eligible for residential conversion under.

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If the existing floor space of the building exceeds 500 square metres, forms part of a site of special scientific interest or is a site occupied under an agricultural tenancy – unless consent is given by both landlord and tenant – the site is exempt.

Permitted development rights only apply where no external alterations are required to the building.

If external alterations are required to enable the conversion, i.e. window positions, cladding etc, planning permission will be required for those works.

If you want to find out what you can do, get in touch with Craig Stones 01522 561450 or Lewis Brooks 01205 359111 at Pygott & Crone.